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Introduced Senate Bill (S)

DIGEST

State sales tax. Requires the department of state revenue (department) to implement a sales tax holiday beginning July 15, 2022, through July 31, 2022, during which an item of tangible personal property sold in a retail transaction shall be exempt from the state gross retail tax. Requires the department, after the conclusion of the sales tax holiday, to submit a report summarizing the department's implementation of the sales tax holiday and the fiscal impact of the sales tax holiday to the legislative council and to the interim study committee on fiscal policy. State sales tax. Requires the department of state revenue (department) to implement a sales tax holiday beginning July 15, 2022, through July 31, 2022, during which an item of tangible personal property sold in a retail transaction shall be exempt from the state gross retail tax. Requires the department, after the conclusion of the sales tax holiday, to submit a report summarizing the department's implementation of the sales tax holiday and the fiscal impact of the sales tax holiday to the legislative council and to the interim study committee on fiscal policy.